6 Lessons From the First Year of Retirement

2. Meet with a financial advisor. If you spent more than you should during the first year of retirement, it might be time to seek professional assistance. A financial advisor can help you make a budget and identify expenses that can be reduced or eliminated. “Most people need to have someone who is a planner or [an] advisor who is a sounding board and will be honest,” says Jeff Speight, a certified financial planner and wealth advisor at Tanglewood Total Wealth Management in Houston. “They need someone who will pat them on the back if they are doing well and nudge them if they are overspending.”

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